Ratio Jumps Most in Two Weeks on Tanin Resources Location Update

Ratio Oil Exploration 1992 LP (RATIL) jumped the most in more than two weeks after the Tel Aviv, Israel-based company said a report found some of the resources of the Tanin field are in the Amit/350 license in which it has a stake.

The shares rose 3.6 percent, the most since June 25, to 0.259 shekel at 2:29 p.m. in Tel Aviv.

Avner Oil Exploration LLP (AVNRL) and Delek Drilling-LP (DEDRL), partners in the Tanin field, said consultants Netherland, Sewell and Associates, Inc. provided an update amending the location of resources.

-- Editors: Robert Lakin, Claudia Maedler

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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